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National Mortgage Professional
Sep 17, 2008

NAMB calls for relief effort in gulf coast regionMortgagePress.comHurricane Ike, gulf coast, flooding, wind damage, relief, REO properties Early Saturday morning, Hurricane Ike hit several states along the Gulf Coast of the United States. Many cities sustained significant damage, including extensive flooding and wind damage. Authorities continue to assess the damage, and are asking evacuees not to return to the area until the extent of the damage is known. NAMB is calling upon its members to send relief to the struggling region. A NAMB Hurricane Relief Fund has been established for cash donations. Submit your cash donations by mail to: "NAMB Hurricane Relief Fund" 7900 Westpark Drive Suite T-309 McLean, VA 22102 An online donation system will be available early this week. Please continue to check www.namb.org for updates. NAMB is also in the process of contacting a distribution center in Houston, TX for physical donations. Please continue to check the NAMB website for updates on what types of donations will be accepted and where to send your items. NAMB President Marc Savitt, CRMS also called upon banks and lenders with real estate owned (REO) properties to offer vacant homes as temporary housing for victims of Hurricane Ike. "The bottom line is that the victims of Hurricane Ike need a place to stay," said Savitt, "REO properties would provide them with shelter, and lenders would have someone maintaining their properties." Banks and lenders would need to establish certain qualifications for new incoming residents. "The banks and lenders should establish a set of parameters for temporary housing," stated Savitt. "We're not just calling upon banks and lenders in Texas," Savitt continued, "After Hurricane Katrina, displaced families moved all over the country. This needs to be a national effort." For more information, visit www.namb.org.
Published
Sep 17, 2008
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